IRS Provides Information on Health Care Reporting
Posted on June 26, 2011
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan beginning in 2012. This reporting is mandatory on the 2012 annual Form W-2 for all employers with 250 or more employees. For those employers with 250 or fewer employees the requirement is mandatory on the 2013 annual Form W-2.Watch this short clip about reporting health insurance coverage on W-2s: YouTube video.
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